Consultation

Found 87 results. Displaying page 1 of 5

1. • Closed - with decision

   17 December 2018

   Consultation paper: Proposed exemption for same class offers of ASX NZX-quoted financial products

   The notice provides exemptions for offers of financial products of the same class as ASX-quoted financial products in cases where the ASX-listed issuer has a secondary listing with NZX on an equivalent basis as the same class offers exclusion in Schedule 1 of the FMC Act, with modifications that enable Australian issuers operating under Australian regulatory requirements to give cleansing notices to ASX and NZX.

   https://www.fma.govt.nz/compliance/consultation/consultation-paperproposed-exemption-for-same-class-offers-of-asx-nzx-quoted-financial-products/

2. • Closed - with decision

   1 November 2018

   Consultation paper: Determining whether you are acquiring a business or assets

   We are consulting on guidance on how to determine whether a business has been acquired (or is to be acquired). Under the FMC Regulations, prescribed financial information about business acquisitions must be included in the PDS for an offer of debt or equity. It is sometimes not clear what is a business acquisition for these purposes.

   https://www.fma.govt.nz/compliance/consultation/consultation-paper-determining-whether-you-are-acquiring-a-business-or-assets/

3. • Closed - with decision

   29 October 2018

   Consultation paper: Proposed exemption to enable dual-language product disclosure statements

   The FMA has granted an exemption to enable the provision of dual-language product disclosure statements provided in both te reo Māori and English. Read more here.

   https://www.fma.govt.nz/compliance/consultation/dual-language-pds/

4. • Closed - pending response

   8 August 2018

   Consultation paper: Proposed exemption for restricted schemes from custodian assurance requirements

   It is proposed that it will be a condition of the exemption that the scheme’s administration manager obtain an assurance engagement. We seek your feedback on our proposals.

   https://www.fma.govt.nz/compliance/consultation/consultation-paper-proposed-exemption-for-restricted-schemes-from-custodian-assurance-requirements/

5. • Closed - pending response

   10 July 2018

   Consultation paper: Exemptions, other legislative notices, and unnecessary compliance costs

   We seek feedback on any notice that: has not effectively minimised the compliance costs it aims to address causes unintended compliance cost could go further to address, unnecessary compliance costs not identified when the notice was made.

   https://www.fma.govt.nz/compliance/consultation/consultation-paper-exemptions-other-legislative-notices-and-unnecessary-compliance-costs/

6. • Closed - pending response

   25 June 2018

   Consultation paper: Proposed exemption from requirement to name assets

   Proposed class exemption to funds invested in loans secured by first-ranking mortgages from having to disclose the names of individual borrowers to investors provided other relevant information has been disclosed.

   https://www.fma.govt.nz/compliance/consultation/consultation-paper-proposed-exemption-from-requirement-to-name-assets/

7. • Closed - pending response

   16 April 2018

   Consultation paper: Including an annual declaration of compliance in regulatory returns and updating the standard regulatory returns condition

   Licensees will be asked to confirm they have adequate systems, processes and controls in place to ensure compliance with their market services obligations and that they have operated effectively over the relevant period.

   https://www.fma.govt.nz/compliance/consultation/consultation-paper-including-an-annual-declaration-of-compliance-in-regulatory-returns-and-updating-the-standard-regulatory-returns-condition/

8. • Closed - pending response

   12 March 2018

   Consultation paper: Content of regulatory returns for licensed DI, MIS managers and DIMS providers

   This consultation outlines the information we plan to ask about the regulatory returns for those providers. These returns are required by law and help us make sure licensees continue to perform their market services effectively, post-licensing

   https://www.fma.govt.nz/compliance/consultation/consultation-paper-content-of-regulatory-returns-for-licensed-di-mis-managers-and-dims-providers/

9. • Closed - with decision

   28 February 2018

   Consultation paper: Updated Corporate Governance Handbook

   The handbook is designed as a guide for a wide range of companies and businesses. The focus in our revised handbook shifts away from listed companies, but remains a practical guide for directors and executives of New Zealand-based companies and entities of various types and size, to help them apply corporate governance principles effectively.

   https://www.fma.govt.nz/compliance/consultation/consultation-paper-updated-corporate-governance-handbook-consultation/

10. • Closed - with decision

    16 November 2017

    Consultation paper: Proposed exemption to facilitate personalised digital advice

    The exemption notice to enable personalised digital advice services. We are now open for applications by providers for the exemption. See Apply for digital advice exemption for more information.

    https://www.fma.govt.nz/compliance/consultation/consultation-paper-proposed-exemption-to-facilitate-personalised-robo-advice/

11. • Closed - with decision

    28 September 2017

    Consultation paper: Short duration derivatives

    The short-duration derivative issuers should be licensed. This decision is based on our view that the law requires businesses selling these products to have a licence.

    https://www.fma.govt.nz/compliance/consultation/consultation-paper-short-duration-derivatives/

12. • Closed - with decision

    7 August 2017

    Consultation paper: Proposed exemption from the market index requirement

    The exemption applies to the manager of a fund that invests, in whole or in part, in assets that do not have an appropriate market index. It allows managers unable to find a compliant market index to provide another form of benchmark (a peer group) as an alternative.

    https://www.fma.govt.nz/compliance/consultation/proposed-exemption-from-the-market-index-requirement/

13. • Closed - with decision

    19 July 2017

    Consultation paper: KiwiSaver annual statements - calculation of total fees in dollars

    We have issued a methodology notice which helps KiwiSaver scheme providers calculate the total fees charged to each investor. See the methodology notice, regulatory impact statement and amended guidance note for managed funds on fee disclosure above.

    https://www.fma.govt.nz/compliance/consultation/consultation-paper-kiwisaver-annual-statements-calculation-of-total-fees-in-dollars/

14. • Closed - with decision

    13 July 2017

    Consultation paper: Disclosing non-GAAP financial information

    This guidance note communicates our expectations on presenting non-GAAP financial information, including pro-forma financial information.

    https://www.fma.govt.nz/compliance/consultation/consultation-paper-disclosing-non-gaap-financial-information-2/

15. • Closed - with decision

    22 May 2017

    Consultation paper: Proposed exemption from the obligation to prepare scheme financial statements for bundled unit trusts

    The exemption granted by this notice exempts the manager of the bundled unit trust structures from the requirement to prepare financial statements for the scheme (as opposed to financial statements for each of the separate funds) provided the criteria in clause 5 are met.

    https://www.fma.govt.nz/compliance/consultation/consultation-paper-proposed-exemption-from-the-obligation-to-prepare-scheme-financial-statements-for-bundled-unit-trusts/

16. • Closed - with decision

    15 May 2017

    Consultation paper: Class designation of shares to managed investment products in an MIS

    Consultation paper: Class designation of shares to managed investment products in an MIS. This consultation paper considers when shares in investment companies may be designated as managed investment products (MIPs). Being MIPs subject these investment companies to the licensing, disclosure and governance requirements of managed investment schemes.

    https://www.fma.govt.nz/compliance/consultation/consultation-paper-class-designation-of-shares-to-managed-investment-products-in-an-mis/

17. • Closed - with decision

    4 May 2017

    Consultation paper: Proposed guidance on substantial product holder disclosures

    This consultation paper will be of interest to fund management firms, those who have a substantial product holding in a listed issuer, and any other interested parties.

    https://www.fma.govt.nz/compliance/consultation/proposed-guidance-on-substantial-product-holder-disclosures/

18. • Closed - with decision

    11 April 2017

    Consultation paper: Improving financial information in an equity PDS

    Guidance for equity issuers on how to disclose financial information in product disclosure statements (PDS) in a clear, concise and effective manner.

    https://www.fma.govt.nz/compliance/consultation/consultation-paper-improving-financial-information-in-an-equity-pds/

19. • Closed - with decision

    8 March 2017

    Consultation paper: KiwiSaver advice

    Consultation paper: KiwiSaver advice. This guidance note is for providers advising on KiwiSaver products and will replace our 2012 Guidance Note: Sale and Distribution of KiwiSaver. We are replacing this guidance to recognise feedback that our 2012 approach resulted in some people not getting the help they needed, as firms saw it as risky to provide advice. Read more here.

    https://www.fma.govt.nz/compliance/consultation/consultation-paper-kiwisaver-advice/

20. • Closed - with decision

    21 February 2017

    Consultation paper: Proposed transitional relief for non-NZX brokers to allow limited use of buffers

    Consultation paper: Proposed transitional relief for non-NZX brokers to allow limited use of buffers. The proposal is to exempt these brokers for a transitional period (until November 2020) from the requirement to keep client money and property in a separate account from their own money and property.

    https://www.fma.govt.nz/compliance/consultation/consultation-paper-proposed-transitional-relief-for-non-nzx-brokers-to-allow-limited-use-of-buffers/